Latest Stocks: SINA Corp (SINA) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of SINA Corp (NASDAQ:SINA) in a report issued on Wednesday, May 17th. The brokerage currently has a $92.00 target price on the technology company’s stock, up from their prior target price of $74.00.

Several other research firms also recently weighed in on SINA. Jefferies Group LLC set a $98.00 price target on SINA Corp and gave the company a buy rating in a research note on Thursday, March 2nd. Benchmark Co. initiated coverage on SINA Corp in a research note on Tuesday, April 18th. They set a buy rating and a $110.00 price target on the stock. Zacks Investment Research downgraded SINA Corp from a buy rating to a hold rating in a research note on Thursday, March 16th. Finally, T.H. Capital boosted their price target on SINA Corp from $62.00 to $94.00 and gave the company a buy rating in a research note on Friday, May 12th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $90.71.

SINA Corp (NASDAQ:SINA) opened at 92.14 on Wednesday. The company has a market capitalization of $6.54 billion, a P/E ratio of 28.14 and a beta of 1.15. SINA Corp has a one year low of $48.09 and a one year high of $105.99. The stock’s 50 day moving average price is $85.86 and its 200-day moving average price is $74.33. SINA Corp (NASDAQ:SINA) last announced its earnings results on Tuesday, May 16th. The technology company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.78. SINA Corp had a return on equity of 5.05% and a net margin of 22.57%. The firm had revenue of $278.10 million for the quarter, compared to the consensus estimate of $267.14 million. During the same period in the previous year, the business earned ($0.04) EPS. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. Equities analysts forecast that SINA Corp will post $2.68 EPS for the current year.

SINA Corp (NASDAQ:SINA) opened at 92.14 on Wednesday. The company has a market capitalization of $6.54 billion, a P/E ratio of 28.14 and a beta of 1.15. SINA Corp has a one year low of $48.09 and a one year high of $105.99. The stock’s 50 day moving average price is $85.86 and its 200-day moving average price is $74.33. A number of institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in SINA Corp during the first quarter worth $795,000. Skandinaviska Enskilda Banken AB publ acquired a new position in SINA Corp during the first quarter worth $216,000. Sheaff Brock Investment Advisors LLC acquired a new position in SINA Corp during the first quarter worth $228,000. FNY Partners Fund LP acquired a new position in SINA Corp during the first quarter worth $230,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in SINA Corp during the fourth quarter worth $204,000. 61.40% of the stock is owned by institutional investors.